India’s central bank on Tuesday reiterated its concerns about Bitcoins, just days after the cryptocurrency hit a record high of just under $11,800, stoking fears that a rapidly
Amending rules on post office savings schemes like the National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed
Aadhaar bank account linking: Now, after some news reports went viral claiming that ‘Aadhaar number linkage with bank accounts is not mandatory’, the Reserve Bank of India has
Narendra Modi-led National Democratic Alliance (NDA) government aims to make cash handling expensive and also to reduce to minimum the transaction cost for digital payments. However, even digital
Even as banks are on an overdrive to push customers to link their Aadhaar numbers to bank accounts on the threat of suspending accounts, the Reserve Bank of
The Reserve Bank of India (RBI) has decided to allow interoperability between e-wallets and banks through unified payment interface (UPI). This will allow customers to transfer money between
Exposing the ad hoc manner used by banks to deviate from specified methodologies for calculating base rate and marginal cost of funds based lending rate (MCLR), a Reserve
The current upper ceiling on gratuity under the Act is ₹10 lakh. The Centre on Tuesday approved an amendment bill that seeks to double tax-free gratuity for formal
Another step has been taken by the government of India for ease of doing business. Now, no IEC code shall be required for Import/Export, as decided by the
